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Class Notes for Economics at Queen's University

ECON 111 Lecture Notes - Lecture 12: Autarky, Free Trade, Comparative Advantage
24HR
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Econ Week 12- final week Trade policy- tariffs, quotas and strategic markets. 1. Determination of trade patterns The law of one price: when an easily transported product is internationally traded, arbitrage will gua...

Economics
ECON 111
Ugurhan Gazi Berkok
ECON 111 Lecture Notes - Lecture 11: Monopolistic Competition, Market Power, Perfect Competition
24HR
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Econ Week 11 Strategic Behavior Market structures Monopoly and perfect competition can be though of as the 2 extremes of market structures There are many kinds of market structure that lie between Can be separated...

Economics
ECON 111
Ugurhan Gazi Berkok
ECON 111 Lecture Notes - Lecture 10: Deadweight Loss, Predatory Pricing, Monopolistic Competition
24HR
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Economic regulation to promote efficiency It is well known that market power generally leads to deadweight loss in the economy Policy designed to minimize deadweight loss seeks to : 1. Limit entry barriers and entry deterr...

Economics
ECON 111
Ugurhan Gazi Berkok
ECON 111 Lecture 8: economic efficency
24HR
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Econ111 Economic Efficiency Efficiency works at different levels 1. Product efficiency A) Firm level (economic efficiency) (i) no waste (ii) Correct input proportions 2. Allocative 3. Efficiency of market fo...

Economics
ECON 111
Ugurhan Gazi Berkok
ECON 111 Lecture Notes - Lecture 8: Monopolistic Competition, Marginal Revenue, Oligopoly
24HR
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Econ Week 7 Monopolistic competition and oligopoly Marginal revenue (MR)= the amount of money the firm receives. If a firm is selling one product at a homogenous price (each unit sold at the same price) then total reven...

Economics
ECON 111
Ugurhan Gazi Berkok
ECON 111 Lecture Notes - Lecture 7: Marginal Revenue, Demand Curve, Market Price
24HR
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Econ week 6 Competitive Markets A competitive marker exists if: Homogenous product reaches markets everywhere Consumers are well informed on products and prices Firms are small relative to the market (MES small rela...

Economics
ECON 111
Ugurhan Gazi Berkok
Economics
ECON 110
I. Cromb
ECON 111 Lecture Notes - Lecture 6: Substitute Good, Inferior Good, Complementary Good
24HR
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Econ week 5 substitution effect The economic understanding that as price rises or income decreases, consumers will replace more expensive items with less costly alternatives Conversely, as the wealth of individuals i...

Economics
ECON 111
Ugurhan Gazi Berkok
Permachart - Marketing Reference Guide: Net Asset Value, Mutual Fund, U.S. Securities And Exchange Commission

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Mutual Funds WHAT IS A MUTUAL FUND? PURCHASING & REDEE...

Biology
BIOL2721
All Professors
Macroeconomics - Reference Guides

Take a look at the big picture. This chart covers national income accounting, inflation, consumption, economic growth, money supply, labor markets, monetary policy, international trade, supply side economics, and fiscal po...

Business and Political Economy Program
BPEP-UB 2
All Professors
Permachart - Marketing Reference Guide: Marginal Revenue, Profit Maximization, Marginal Cost

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Microeconomics Microeconomics TYPES OF MARKETS ...

E-Business Marketing
ECN 102
All Professors
Permachart - Marketing Reference Guide: National Environmental Policy Act, Municipal Solid Waste, Criteria Air Contaminants

l e a r n • r e f e r e n c e • r e v i e w permacharts TM EEnvironmental Law ENVIRONMENTAL REGULATION NATIONAL ENVIRONMENTAL POL...

LAW
LAW 356
All Professors

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